U.S. Bancorp (USB) Tops Q1 EPS by 2c
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U.S. Bancorp Reports First Quarter 2017 Earnings
April 19, 2017 6:45 AM EDTEarnings Per Diluted Common Share of $0.82
Return on average assets of 1.35 percent and average common equity of 13.3 percent
Returned 78 percent of earnings to shareholders
MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,473 million for the first quarter of 2017, or $0.82 per diluted common share, compared with $1,386 million, or $0.76 per diluted common share, in the first quarter of 2016.
Highlights for the first quarter of 2017 included:
Industry-leading return on average assets of 1.35 percent and return on average common... More